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南玻集团（CSGS）与森馨科技（SXT）财务数据对比。点击上方公司名可切换其他公司
森馨科技的季度营收约是南玻集团的1.3倍（$435.8M vs $323.1M），森馨科技净利率更高（10.1% vs 2.2%，领先8.0%），森馨科技同比增速更快（11.1% vs 2.0%），过去两年南玻集团的营收复合增速更高（4.6% vs 3.9%）
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
森馨科技是总部位于美国威斯康星州密尔沃基的全球化色素、香精香料生产商及销售商，产品广泛应用于食品饮料、医药、化妆品、家居个护、特种印刷成像、计算机成像及工业着色等多个领域，旗下设有香精香料事业部与色素事业部两大核心业务板块。
CSGS vs SXT — 直观对比
营收规模更大
SXT
是对方的1.3倍
$323.1M
营收增速更快
SXT
高出9.1%
2.0%
净利率更高
SXT
高出8.0%
2.2%
两年增速更快
CSGS
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $435.8M |
| 净利润 | $7.0M | $44.2M |
| 毛利率 | 50.0% | — |
| 营业利润率 | 9.0% | 15.3% |
| 净利率 | 2.2% | 10.1% |
| 营收同比 | 2.0% | 11.1% |
| 净利润同比 | -79.7% | 28.2% |
| 每股收益（稀释后） | $0.24 | $1.04 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CSGSSXT
| Q1 26 | — | $435.8M | ||
| Q4 25 | $323.1M | $393.4M | ||
| Q3 25 | $303.6M | $412.1M | ||
| Q2 25 | $297.1M | $414.2M | ||
| Q1 25 | $299.5M | $392.3M | ||
| Q4 24 | $316.7M | $376.4M | ||
| Q3 24 | $295.1M | $392.6M | ||
| Q2 24 | $290.3M | $403.5M |
净利润CSGSSXT
| Q1 26 | — | $44.2M | ||
| Q4 25 | $7.0M | $25.5M | ||
| Q3 25 | $20.5M | $37.0M | ||
| Q2 25 | $12.3M | $37.6M | ||
| Q1 25 | $16.1M | $34.5M | ||
| Q4 24 | $34.5M | $30.1M | ||
| Q3 24 | $19.1M | $32.7M | ||
| Q2 24 | $13.8M | $30.9M |
毛利率CSGSSXT
| Q1 26 | — | — | ||
| Q4 25 | 50.0% | 31.4% | ||
| Q3 25 | 48.1% | 34.3% | ||
| Q2 25 | 49.5% | 34.5% | ||
| Q1 25 | 48.4% | 33.6% | ||
| Q4 24 | 51.3% | 31.7% | ||
| Q3 24 | 49.4% | 33.2% | ||
| Q2 24 | 47.3% | 32.4% |
营业利润率CSGSSXT
| Q1 26 | — | 15.3% | ||
| Q4 25 | 9.0% | 9.7% | ||
| Q3 25 | 10.0% | 14.0% | ||
| Q2 25 | 10.0% | 13.9% | ||
| Q1 25 | 9.8% | 13.6% | ||
| Q4 24 | 13.4% | 11.2% | ||
| Q3 24 | 10.8% | 12.9% | ||
| Q2 24 | 8.8% | 12.3% |
净利率CSGSSXT
| Q1 26 | — | 10.1% | ||
| Q4 25 | 2.2% | 6.5% | ||
| Q3 25 | 6.7% | 9.0% | ||
| Q2 25 | 4.1% | 9.1% | ||
| Q1 25 | 5.4% | 8.8% | ||
| Q4 24 | 10.9% | 8.0% | ||
| Q3 24 | 6.5% | 8.3% | ||
| Q2 24 | 4.8% | 7.7% |
每股收益（稀释后）CSGSSXT
| Q1 26 | — | $1.04 | ||
| Q4 25 | $0.24 | $0.60 | ||
| Q3 25 | $0.73 | $0.87 | ||
| Q2 25 | $0.44 | $0.88 | ||
| Q1 25 | $0.57 | $0.81 | ||
| Q4 24 | $1.20 | $0.71 | ||
| Q3 24 | $0.67 | $0.77 | ||
| Q2 24 | $0.48 | $0.73 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $180.0M | $38.5M |
| 总债务越低越好 | $539.5M | $767.8M |
| 股东权益账面价值 | $283.7M | $1.2B |
| 总资产 | $1.5B | $2.3B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资CSGSSXT
| Q1 26 | — | $38.5M | ||
| Q4 25 | $180.0M | $36.5M | ||
| Q3 25 | $158.4M | $42.7M | ||
| Q2 25 | $145.9M | $56.7M | ||
| Q1 25 | $136.0M | $32.6M | ||
| Q4 24 | $161.8M | $26.6M | ||
| Q3 24 | $118.4M | $37.0M | ||
| Q2 24 | $110.4M | $30.3M |
总债务CSGSSXT
| Q1 26 | — | $767.8M | ||
| Q4 25 | $539.5M | $709.2M | ||
| Q3 25 | $538.6M | — | ||
| Q2 25 | $537.8M | — | ||
| Q1 25 | $537.6M | — | ||
| Q4 24 | $538.5M | $613.5M | ||
| Q3 24 | $539.5M | — | ||
| Q2 24 | $540.5M | — |
股东权益CSGSSXT
| Q1 26 | — | $1.2B | ||
| Q4 25 | $283.7M | $1.2B | ||
| Q3 25 | $289.5M | $1.2B | ||
| Q2 25 | $290.7M | $1.2B | ||
| Q1 25 | $283.1M | $1.1B | ||
| Q4 24 | $282.6M | $1.1B | ||
| Q3 24 | $288.4M | $1.1B | ||
| Q2 24 | $273.3M | $1.1B |
总资产CSGSSXT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.5B | $2.0B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B |
负债/权益比CSGSSXT
| Q1 26 | — | 0.63× | ||
| Q4 25 | 1.90× | 0.59× | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 1.91× | 0.58× | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.98× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $59.2M | — |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 17.3% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 8.46× | — |
| 过去12个月自由现金流最近4个季度 | $141.4M | — |
8季度趋势，按日历期对齐
经营现金流CSGSSXT
| Q1 26 | — | — | ||
| Q4 25 | $59.2M | $44.6M | ||
| Q3 25 | $47.9M | $44.0M | ||
| Q2 25 | $37.3M | $48.3M | ||
| Q1 25 | $11.5M | $-9.0M | ||
| Q4 24 | $82.5M | $21.4M | ||
| Q3 24 | $39.5M | $76.8M | ||
| Q2 24 | $43.1M | $43.8M |
自由现金流CSGSSXT
| Q1 26 | — | — | ||
| Q4 25 | $55.8M | $12.9M | ||
| Q3 25 | $43.9M | $24.2M | ||
| Q2 25 | $34.6M | $27.1M | ||
| Q1 25 | $7.1M | $-25.8M | ||
| Q4 24 | $76.6M | $-1.7M | ||
| Q3 24 | $32.0M | $63.6M | ||
| Q2 24 | $38.8M | $32.0M |
自由现金流率CSGSSXT
| Q1 26 | — | — | ||
| Q4 25 | 17.3% | 3.3% | ||
| Q3 25 | 14.5% | 5.9% | ||
| Q2 25 | 11.6% | 6.5% | ||
| Q1 25 | 2.4% | -6.6% | ||
| Q4 24 | 24.2% | -0.5% | ||
| Q3 24 | 10.8% | 16.2% | ||
| Q2 24 | 13.4% | 7.9% |
资本支出强度CSGSSXT
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 8.0% | ||
| Q3 25 | 1.3% | 4.8% | ||
| Q2 25 | 0.9% | 5.1% | ||
| Q1 25 | 1.5% | 4.3% | ||
| Q4 24 | 1.9% | 6.1% | ||
| Q3 24 | 2.5% | 3.4% | ||
| Q2 24 | 1.5% | 2.9% |
现金转化率CSGSSXT
| Q1 26 | — | — | ||
| Q4 25 | 8.46× | 1.75× | ||
| Q3 25 | 2.34× | 1.19× | ||
| Q2 25 | 3.04× | 1.28× | ||
| Q1 25 | 0.71× | -0.26× | ||
| Q4 24 | 2.39× | 0.71× | ||
| Q3 24 | 2.07× | 2.35× | ||
| Q2 24 | 3.12× | 1.42× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
SXT
暂无分部数据
